Budget Process and Rules
Latest
-
Senators Push Back Against Current Policy Gimmick
Read moreUpdate: JCT issued a response to the letter confirming the default approach to scoring tax legislation is using a current law baseline as established...
-
Chartbook: Reconciliation 101
Read moreOn February 25, Marc Goldwein, senior vice president and senior policy director of the Committee for a Responsible Federal Budget, gave a presentation...
-
“Current Policy Baseline” Gimmick Could Explode the Debt
Read moreAs the House and Senate work to land on a concurrent budget resolution, Congress may consider trying to measure their reconciliation bills relative to...
-
Reforming the Debt Ceiling
Read moreThe debt ceiling was reinstated on January 2, 2025. Lawmakers should lift it as soon as possible rather than relying on extraordinary measures and...
-
Responsible Budgeting Act Reintroduced in the House
Read moreOn February 6, Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), Co-Chairs of the Bipartisan Fiscal Forum, along with Representatives...
-
FY 2025 & 2026 Budget Resolution Principles
Read moreA fiscally responsible budget resolution should abide by the following principles: Set a meaningful fiscal goal with a plan to meet that goal The...
-
Case and Womack Renew Efforts with the Sustainable Budget Act
Read moreRepresentatives Ed Case (D-HI) and Steve Womack (R-AR) recently reintroduced the Sustainable Budget Act (H.R. 222), which would establish an 18-member...
-
You Can’t Just Wish Away Deficit Effects by Assuming Something is Permanent
Read moreSome lawmakers are making the case that expiring tax cuts should be considered permanent in order to hide the $3.9 trillion increase in deficits that...
-
Reconciliation 101
Read moreWhat is Reconciliation? How do Reconciliation Instructions Work? Can a Reconciliation Bill Add to the Deficit? What is the “Byrd Rule”? What are Other...
-
Bipartisan Senate Group Introduces the RESILIENCE Act
Read moreSenators Joe Manchin (I-WV), Mitt Romney (R-UT), Mark Warner (D-VA), and Mike Braun (R-IN) recently introduced the Reassuring Economic Stability In...
-
Tim Penny and Maya MacGuineas: What if they held an election and a budget process broke out?
Read moreTim Penny is co-chair of the Committee for a Responsible Federal Budget and a former representative from Minnesota and Maya MacGuineas is president of...
-
House Lawmakers Reintroduce Debt Ceiling Reform Legislation
Read moreOn September 20, Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), Co-Chairs of the Bipartisan Fiscal Forum, reintroduced the Responsible...